1st Oct 2014 07:00
LONDON (Alliance News) - Plexus Holdings PLC Wednesday said it has received an order from BG Group PLC to supply surface wellhead and mudline equipment services for an exploration well in the North Sea.
Under the terms of the deal, expected to have a duration of 150 days, oil and gas engineering services company Plexus is to supply its adjustable surface wellhead and mudline system for a standard pressure well.
It didn't provide any financial details of the contract.
The well is to be drilled using the Transocean Galaxy II rig following completion of the Dalziel exploration well, which is also using equipment provided by Plexus.
"This latest order from BG Group, a long standing and valued customer of Plexus, further cements our position as the dominant supplier of wellhead equipment for the HP/HT market in the North Sea which bodes well at a time when a number of Government initiatives are underway to boost exploration activity in the North Sea," Ben Van Bilderbeek, Chief Executive Officer of Plexus.
By Sam Unsted; [email protected]; @SamUAtAlliance
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